Zillow (Z) Estimates Slashed at RBC Capital; PT Bumped to $34
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Zillow Group Reports Third Quarter 2015 Results
November 3, 2015 4:30 PM ESTRevenue of $176.8 million, up 13% year over year on a pro forma basis. Adjusted EBITDA of $29.5 million, up 51% year over year on a pro forma basis, significantly ahead of expectations. GAAP net loss of $26.0 million compared to GAAP net loss of $16.0 million during the same period last year. Seasonal peak of nearly 150 million unique users in July to Zillow Group consumer brands Zillow, Trulia, StreetEasy and HotPads; average monthly unique users during third quarter of more than 142 million. Trulia integration completed during third quarter, one quarter ahead of forecast, with unification of Zillow and Trulia advertising... More
